IRS says 'tax avoidance' at heart of Solyndra bankruptcy plan
By Jim McElhatton
Give company hundreds of millions, sue company for hundreds of millions. - ChrisThe Internal Revenue Service urged a bankruptcy judge to reject solar panel maker Solyndra LLC’s bankruptcy plan Wednesday, saying it amounts to little more than an avenue for owners of an empty corporate shell to avoid paying taxes.
“The undeniable conclusion is that tax benefits drive this plan,” attorneys for the IRS wrote in a bankruptcy pleading.
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